The Recipe for Internet Niching Success Is to ________

question 144

Multiple Choice

The recipe for Internet niching success is to ________.

• A) find a need and fill it
• B) choose a hard-to-find product that customers do not need to see and touch
• C) choose a low-budget product that is heavily demanded by Gen Y
• D) choose an exclusive product sold primarily to seniors
• E) find a product that has some attraction to a health-conscious market

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Definitions:

Shortage

A condition where the demand for a product exceeds its supply in the market.

Ceiling Price

Ceiling price is a legally imposed maximum price on goods or services, above which transactions cannot legally occur, often implemented to prevent price gouging during shortages.

Maintenance

The upkeep and repair of machinery, equipment, and buildings to ensure their optimum working condition.

Shortage

A market condition occurring when the demand for a product or service exceeds the supply available at a specific price.